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在线翻译:
szdaily -> Business_Markets -> 
US firm expands in China amid trade friction
    2018-05-25  08:53    Shenzhen Daily

U.S. aluminum firm Novelis Inc. said it would invest about US$180 million to double its automotive aluminum body sheet capacity in China, as it seeks to tap demand from the country’s growing electric vehicle (EV) sector.

The Atlanta-based firm said the investment would add around 100,000 tons of capacity at its Changzhou plant, in China’s eastern province of Jiangsu, with the new operations to begin by 2020.

“The timing of this investment is closely aligned with key customer product launches slated for 2020-2021 from both traditional automakers as well as electric vehicle startups,” Novelis said in a statement, adding that existing automotive finishing line capacity in Changzhou was already fully contracted.

The expansion comes amid a simmering trade dispute between the United States and China in which aluminum has featured heavily, with the United States slapping 10 percent tariffs on aluminum imports, as well as punitive duties on Chinese aluminum foil and common alloy sheet.

U.S. President Donald Trump’s administration Wednesday launched a national security probe into whether imports of vehicles and parts were threatening the U.S. auto industry’s health.

Novelis’ statement made no mention of exports back to the United States from Changzhou, however, while stressing that China was the world’s biggest auto market. (SD-Agencies)

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